Free Hardship Letter Word Templates

What are Hardship Letter Templates?

Hardship Letter Templates are pre-written documents that individuals can use when they are facing a difficult situation and need to request assistance or special considerations. These templates provide a structured format for conveying personal hardship and requesting help from a financial institution, employer, or other organizations.

What are the types of Hardship Letter Templates?

There are several types of Hardship Letter Templates available to address different situations. Some common types include:

Mortgage Hardship Letter Template
Medical Hardship Letter Template
Student Loan Hardship Letter Template
Job Loss Hardship Letter Template
Debt Settlement Hardship Letter Template

How to complete Hardship Letter Templates

Completing a Hardship Letter Template can seem daunting, but with a clear step-by-step approach, it can be easily done. Here are some tips to help you complete a Hardship Letter Template:

01
Personalize the template with your specific details and circumstances.
02
Clearly explain the hardship you are facing and how it is impacting you financially or otherwise.
03
Be honest and transparent about your situation, but also maintain a professional tone.
04
Clearly state what assistance or relief you are seeking and why it is necessary.
05
Proofread the letter carefully to ensure it is clear, concise, and error-free.

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Video Tutorial How to Fill Out Hardship Letter Templates

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Questions & answers

Don't cast blame or shirk responsibility. Hardship letters are designed to explain circumstances, not point fingers. No matter how unfair your situation might be, an effort to deflect blame or scapegoat in your hardship letter will be a red flag for the lender.
There are various situations that may qualify as a hardship. The most common examples are illness or injury, loss of income, natural disasters, divorce or death and military deployment.
When you write the hardship letter, don't include anything that would hurt your situation. Here are some examples of things you shouldn't say in the letter: Don't say that your situation is your lender's fault or that their employees are jerks. Don't state that things will likely turn around for you.
There are often two main reasons for financial hardship : 1. You could afford the loan when it was obtained but a change of circumstances has meant you can no longer afford the repayments. or 2. You could not afford to repay the loan when it was obtained.
How To Write A Hardship Letter: 7 Tips Include accurate contact information. Be personal, but keep it semi-formal. Keep the letter short and concise. State the problem. Provide enough evidence. Include an action plan. Have your letter reviewed before sending.
Keep your hardship letter brief and to the point: four paragraphs is ideal, and no more than two pages. Be sure to include: Homeowner name(s), address(s), and phone number(s) and relevant loan number(s).